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Cenovus Energy Inc up sharply

Cenovus Energy Inc is up sharply today, rallying $0.48 or 2.24% to $21.88. Over the last five days, shares have lost 0.91% and are down 8.72% for the last year to date. This security has underperformed the S&P TSX by 32.16% during the last year.

About

Cenovus Energy, Inc. (Cenovus) is Canadian integrated oil company. The Company’s operations include oil sands projects in northern Alberta, which use specialized methods to

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drill and pump the oil to the surface. It also has natural gas and oil production in Alberta and Saskatchewan. It has four segments: oil sands, conventional, refining and marketing, and corporate and eliminations. The Company has 50% ownership with Phillips 66 in two United States refineries, which includes Wood River (Illinois) and Borger (Texas) refineries. It has two producing steam-assisted gravity drainage (SAGD) projects in the oil sands-Foster Creek and Christina Lake, as well as several emerging projects which are in various stages of development. Foster Creek and Christina Lake are 50%-owned by ConocoPhillips. It also produces heavy oil from the mobile Wabiskaw formation at its 100%-owned Pelican Lake operation in the Greater Pelican Region, about 300 kilometers north of Edmonton.

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